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ALLIANCE RESOURCE PARTNERS LP（ARLP）与STANDARD MOTOR PRODUCTS, INC.（SMP）财务数据对比。点击上方公司名可切换其他公司
ALLIANCE RESOURCE PARTNERS LP的季度营收约是STANDARD MOTOR PRODUCTS, INC.的1.3倍（$516.0M vs $385.1M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs 2.0%，领先0.0%），STANDARD MOTOR PRODUCTS, INC.同比增速更快（12.2% vs -3.6%），ALLIANCE RESOURCE PARTNERS LP自由现金流更多（$13.3M vs $-37.6M），过去两年STANDARD MOTOR PRODUCTS, INC.的营收复合增速更高（7.8% vs -6.7%）
联合资源伙伴有限合伙是北美领先的自然资源企业，核心业务为公用事业及工业客户生产、销售煤炭，同时运营矿权特许经营、油气开采、物流配套等关联业务，服务覆盖美国及周边主要能源消费市场。
标准汽车产品公司（SMP）是一家汽车零部件制造商与经销商，由埃利亚斯·法伊夫和拉尔夫·范艾伦于1919年合伙创立，1926年完成法人注册，总部位于纽约长岛市，在纽约证券交易所上市。公司目前设有车辆控制、温控、工程解决方案和尼森斯四大运营板块，为汽车售后市场供应相关零部件产品。
ARLP vs SMP — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $385.1M |
| 净利润 | $10.7M | $7.9M |
| 毛利率 | — | 31.7% |
| 营业利润率 | 4.2% | 5.6% |
| 净利率 | 2.1% | 2.0% |
| 营收同比 | -3.6% | 12.2% |
| 净利润同比 | — | 457.9% |
| 每股收益（稀释后） | — | $0.34 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $385.1M | ||
| Q3 25 | $571.4M | $498.8M | ||
| Q2 25 | $547.5M | $493.9M | ||
| Q1 25 | $540.5M | $413.4M | ||
| Q4 24 | $590.1M | $343.4M | ||
| Q3 24 | $613.6M | $399.3M | ||
| Q2 24 | $593.4M | $389.8M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $7.9M | ||
| Q3 25 | $95.1M | $-4.3M | ||
| Q2 25 | $59.4M | $25.2M | ||
| Q1 25 | $74.0M | $12.6M | ||
| Q4 24 | $16.3M | $-2.2M | ||
| Q3 24 | $86.3M | $3.8M | ||
| Q2 24 | $100.2M | $17.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 31.7% | ||
| Q3 25 | — | 32.4% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 30.2% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 28.6% |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 5.6% | ||
| Q3 25 | 18.4% | 9.5% | ||
| Q2 25 | 16.2% | 8.7% | ||
| Q1 25 | 17.4% | 5.9% | ||
| Q4 24 | 2.6% | 1.1% | ||
| Q3 24 | 16.5% | 9.3% | ||
| Q2 24 | 19.8% | 6.4% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 2.0% | ||
| Q3 25 | 16.6% | -0.9% | ||
| Q2 25 | 10.9% | 5.1% | ||
| Q1 25 | 13.7% | 3.0% | ||
| Q4 24 | 2.8% | -0.6% | ||
| Q3 24 | 14.1% | 1.0% | ||
| Q2 24 | 16.9% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.34 | ||
| Q3 25 | — | $-0.19 | ||
| Q2 25 | — | $1.13 | ||
| Q1 25 | — | $0.56 | ||
| Q4 24 | — | $-0.09 | ||
| Q3 24 | — | $0.17 | ||
| Q2 24 | — | $0.77 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $28.9M | — |
| 总债务越低越好 | — | $618.7M |
| 股东权益账面价值 | — | $683.7M |
| 总资产 | $2.9B | $2.0B |
| 负债/权益比越低杠杆越低 | — | 0.90× |
8季度趋势，按日历期对齐
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | — | ||
| Q3 25 | $94.5M | $87.2M | ||
| Q2 25 | $55.0M | $58.8M | ||
| Q1 25 | $81.3M | $50.3M | ||
| Q4 24 | $137.0M | $44.4M | ||
| Q3 24 | $195.4M | $26.3M | ||
| Q2 24 | $203.7M | $26.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $618.7M | ||
| Q3 25 | — | $589.5M | ||
| Q2 25 | — | $636.6M | ||
| Q1 25 | — | $650.6M | ||
| Q4 24 | — | $562.3M | ||
| Q3 24 | — | $142.8M | ||
| Q2 24 | — | $208.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $683.7M | ||
| Q3 25 | — | $677.4M | ||
| Q2 25 | — | $688.6M | ||
| Q1 25 | — | $638.0M | ||
| Q4 24 | — | $615.7M | ||
| Q3 24 | — | $638.8M | ||
| Q2 24 | — | $640.0M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.0B | ||
| Q3 25 | $2.9B | $2.0B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $3.0B | $1.4B | ||
| Q2 24 | $3.1B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.90× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | 0.22× | ||
| Q2 24 | — | 0.33× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-28.2M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $-37.6M |
| 自由现金流率自由现金流/营收 | 2.6% | -9.8% |
| 资本支出强度资本支出/营收 | 18.5% | 2.4% |
| 现金转化率经营现金流/净利润 | — | -3.59× |
| 过去12个月自由现金流最近4个季度 | $342.2M | $18.7M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $-28.2M | ||
| Q3 25 | $209.9M | $91.6M | ||
| Q2 25 | $151.7M | $54.3M | ||
| Q1 25 | $145.7M | $-60.2M | ||
| Q4 24 | $168.4M | $-1.5M | ||
| Q3 24 | $209.3M | $88.3M | ||
| Q2 24 | $215.8M | $35.6M |
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $-37.6M | ||
| Q3 25 | $145.2M | $81.5M | ||
| Q2 25 | $84.7M | $44.2M | ||
| Q1 25 | $58.9M | $-69.4M | ||
| Q4 24 | $75.3M | $-11.4M | ||
| Q3 24 | $99.0M | $77.1M | ||
| Q2 24 | $114.3M | $22.7M |
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | -9.8% | ||
| Q3 25 | 25.4% | 16.3% | ||
| Q2 25 | 15.5% | 8.9% | ||
| Q1 25 | 10.9% | -16.8% | ||
| Q4 24 | 12.8% | -3.3% | ||
| Q3 24 | 16.1% | 19.3% | ||
| Q2 24 | 19.3% | 5.8% |
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 2.4% | ||
| Q3 25 | 11.3% | 2.0% | ||
| Q2 25 | 12.2% | 2.1% | ||
| Q1 25 | 16.1% | 2.2% | ||
| Q4 24 | 15.8% | 2.9% | ||
| Q3 24 | 18.0% | 2.8% | ||
| Q2 24 | 17.1% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | -3.59× | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 2.55× | 2.15× | ||
| Q1 25 | 1.97× | -4.79× | ||
| Q4 24 | 10.31× | — | ||
| Q3 24 | 2.43× | 23.19× | ||
| Q2 24 | 2.15× | 2.09× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ARLP
| Coal sales | $443.3M | 86% |
| Oil & gas royalties | $41.3M | 8% |
| Other revenues | $22.8M | 4% |
| Transportation revenues | $8.6M | 2% |
| Tons Produced | $8.0M | 2% |
| Mineral Interest Volumes (BOE) | $1.0M | 0% |
SMP
| Engineered Solutions | $66.1M | 17% |
| Electrical And Safety | $63.6M | 17% |
| Temperature Control | $61.5M | 16% |
| Europe Excluding Poland | $55.5M | 14% |
| Other Thermal Components | $30.7M | 8% |
| Air Conditioning | $22.7M | 6% |
| Commercial Vehicle | $19.7M | 5% |
| All Other | $18.9M | 5% |
| PL | $16.0M | 4% |
| Wire Sets And Other | $11.9M | 3% |
| Engine Efficiency | $10.0M | 3% |
| Construction Agriculture | $7.8M | 2% |
